Edison Birthplace Association Inc

Analysis

Edison Birthplace Association Inc is a registered charity in United States, based in Milan, OH. It received its IRS tax-exemption ruling in August 1954, 72 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Edison Birthplace Association Inc reported income of $117k and spending of $96k, spending 83% of its income. Across the 5 years on record, from November 2019 to November 2023, income fell from $174k to $117k (-33%), an average of -9.5% a year. The sharpest change came in the year to November 2020, when income dropped by 30%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edison Birthplace Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Grand Junction Rotary Club Foundation Inc ($117k), Jipmer Alumni Association of North America ($117k) and Traction ($117k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 53% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $18k (18% of expenses). Other salaries and wages came to $33k. At year end it held assets of $1.3m against liabilities of $1,921, net assets of $1.3m. It reported 14 employees.